Call Us +852 3113 1331

Q1 Reports Indicate Resurgence of Health Insurance Profits

The year 2012 may not have been the most flourishing of years for some health insurance companies around the globe, but data for the first quarter of 2013 looks promising for many of the world's largest, most well-established medical insurance providers. Among those releasing encouraging figures, Cigna, AXA, Munich Health…

Read more


China's Emerging Wealthy not Buying Medical Insurance as Expected

Globalsurance continues to see differing indications of the state of the health insurance industry in China. Most analysts concur that the country’s high-income earning population are not likely to buy comprehensive health insurance in the short term. Many of the health insurance companies that have invested in developing on-shore solutions for health…

Read more


Globalsurance to offer re-branded ICBC AXA Ultracare Plan in China

November 8th marked the official re-branding of the AXA Minmetals Ultracare International Medical Insurance Plan in China with a new, updated name, ICBC AXA Ultracare. The move comes after the shift in the majority shareholding from Minmetals to ICBC. This change is only one of a few to have occurred in regard to the ICBC medical plan in China.…

Read more


AXA partners with Wasilah in Saudi Arabia

This week, Europe's second largest insurer AXA selected Wasilah Insurance Agency to be its new business partner in the Kingdom of Saudi Arabia. The deal comes as part of the French insurance company's plans to further develop and promote its products in the Gulf region. On September 20th 2011, AXA Cooperative Insurance Company, the French insurance company's Saudi Arabia-based shareholding company,…

Read more


AXA UK Splits Its Non-life Operations

AXA UK, part of the France-based AXA Group, has recently announced the restructuring of their non-life operations into two self-contained business units, namely commercial lines and personal lines, with each of them having their own CEO and management teams. The heads of these two new units will report to AXA UK group chief executive Paul Evans, who has also been recently named as a replacement to outgoing Philippe Maso.

Read more


NAB Bid for AXA Rejected by Australian Watchdog

The takeover bid by the National Australian Bank (NAB) for AXA Asia Pacific Holdings (AXA APH) has been rejected by the Australian Competition and Consumer Commission (ACCC) on the grounds of insufficient certainty that the proposed undertakings offered by the parties satisfy its competition concerns.

Read more


Partnership between AXA and BNP Paribas Renewed

French financial services firm BNP Paribas and Paris-based AXA Group have mutually agreed to renew their long-standing agreement, dating back to December 2005, through various industrial projects for an additional three years. The recently signed new agreement will be automatically renewed in an annual basis.

Read more


Bharti Axa Planning to Hire 2,000 New Employees by Years End

Based on brisk business in motor insurance and the expanding health insurance industry in India, Bharti Axa seeks to hire 2,000 new employees to capitalize on growth opportunities. Bharti Axa, which is a joint venture between Bharti Enterprises and international insurance company AXA Group, had earned INR 3.2 billion (USD 68.7 million) in the 2010 financial year, a 1000 percent increase over…

Read more


Allianz-Munich Re Deal Contributes to US$250 million Risk Transactions for Perils AG

Perils AG, an insurance industry initiative which aims to improve the availability of catastrophe insurance market data, has released a loss index suggesting that the latest US$63.25 million (EUR 50 million) reinsurance transaction between Allianz Risk Transfer and Munich Re, for coverage of European wind risk, has contributed to the US$250 million (EUR 198 million) total placements of insurance transactions during the first six months of 2010. The deal between Allianz Risk Transfer and Munich RE was brokered by Willis Re, a leading reinsurance broker.

Read more


AXA UK Life Business may be Acquired by Resolution

Resolution Plc, the company headed by insurance tycoon Clive Cowdery, has been in talks with the French group AXA for over one month, to buy most of their AXA UK business for GBP 2.8 billion (EUR 3.36 billion; USD 4.1 billion). This deal would create one of the biggest life groups in Britain.

Read more